New Jersey Resources Corp expected to post earnings of $1.21 a share - Earnings Preview

New Jersey Resources

02/05/2023 19:15

* New Jersey Resources Corp  NJR.N   NJR  is expected
to show a
rise in quarterly revenue when it reports  results on May 4. 
    * The Belmar New Jersey-based  company is expected to report
 a
9.3% increase in revenue to $997.5 million from $912.32 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for New Jersey
Resources Corp
is for earnings of $1.21 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for New Jersey
Resources Corp is $51.5​, below​ its last closing price
of $51.67. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.72        0.72       1.14      Beat    58
 Sep. 30 2022  0.46        0.43       0.50      Beat    17.2
 Jun. 30 2022  0.05        0.06       -0.04     Missed  -166.7
                                                        ​
 Mar. 31 2022  1.29        1.28       1.36      Beat    6.5
 ​​Dec.        0.75        0.73       0.69      Missed  -5.7
 31 2021                                                
 Sep. 30 2021  0.08        0.08       0.07      Missed  -10.9​
 Jun. 30 2021  -0.19       -0.12      -0.15     Missed  -20
 Mar. 31 2021  1.21        1.18       1.77      Beat    49.6
 This summary was machine generated May 2 at 18:15 GMT.  All
figures in US dollars  unless otherwise stated